Wilberforce School Inc
- Assets
- $9.8m
- Revenue
- $10.1m
- Investments
- $8.7k
- Employees
- 89
- Location
- Princeton, NJ
- Founding
- 04/2006
- Data as of
- 06/2022
- EIN
- 20-1961626
Organization Overview
Wilberforce School Inc is located in Princeton, NJ. The organization was established in 2006. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Wilberforce School Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilberforce School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Wilberforce School Inc generated $10.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 8.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WILBERFORCE SCHOOL WAS FOUNDED TO PROVIDE A DISTINCTLY CHRISTIAN EDUCATION CHARACTERIZED BY ACADEMIC EXCELLENCE AND JOYFUL DISCOVERY WITHIN A CLASSICAL FRAMEWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE 2021-2022 ACADEMIC YEAR THERE WERE 316 STUDENTS ENROLLED, OF WHOM 49% RECEIVED A GRANT IN THE FORM OF A MERIT SCHOLARSHIP, FINANCIAL AID, OR TUITION REMISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howe Whitman Jr Head Of Scho | OfficerTrustee | 40 | $145,355 |
Daniel Brox Trustee | Trustee | 1.5 | $0 |
Aruna David Chairperson | OfficerTrustee | 1.5 | $0 |
Stephen Mclean Jr Treasurer | OfficerTrustee | 1.5 | $0 |
Russ Nixon Trustee | Trustee | 1.5 | $0 |
Beverly Reynolds Secretary | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ford 3 Architects Llc Construction | 6/29/22 | $112,172 |
Commercial Cleaning Corp Janitorial | 6/29/22 | $111,137 |
Vj Scozzari & Sons Inc Construction | 6/29/22 | $100,239 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,058,762 |
| Investment income | $6,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,328 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,077,475 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,232,024 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,137,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $222,673 |
| Payroll taxes | $294,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,470 |
| Fees for services: Accounting | $29,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $67,679 |
| Office expenses | $136,640 |
| Information technology | $27,469 |
| Royalties | $0 |
| Occupancy | $1,012,352 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $66,810 |
| All other expenses | $0 |
| Total functional expenses | $7,979,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,276,658 |
| Savings and temporary cash investments | $3,859,968 |
| Pledges and grants receivable | $245,438 |
| Accounts receivable, net | $16,378 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,492,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,703 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,800 |
| Total assets | $9,769,358 |
| Accounts payable and accrued expenses | $72,924 |
| Grants payable | $0 |
| Deferred revenue | $3,552,542 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,137,367 |
| Total liabilities | $4,762,833 |
| Net assets without donor restrictions | $4,996,525 |
| Net assets with donor restrictions | $10,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,006,525 |